Energy Markets
Oil prices fall on stronger US Dollar, possible increase in OPEC+ output
The oil prices fell on Friday due to a stronger dollar and the likelihood that OPEC+ would increase crude oil production. Brent futures dropped 37 cents per barrel to $64.07 by 0015 GMT. U.S. West Texas Intermediate Crude Futures fell 39 cents to $60.81. Brent fell 2% in the past week and WTI dropped 2.7%. The U.S. Dollar strengthened Thursday against a basket of foreign currencies, thanks to the House of Representatives' passage of the bill by President Donald Trump for tax and expenditure cuts. Oil is usually traded inversely to the dollar, because a stronger dollar makes the commodity...